Apartment option in popular Ellerslie
A new multi-storey apartment complex is among possibilities mooted for a strategic Ellerslie site which has gone up for sale with options for occupiers, investors and developers.
The more than 1700sq m freehold property, moments from Ellerslie town centre, has prominent street frontage and excellent motorway and rail access.
It is currently home to a versatile, vacant office/warehouse building with a generous yard and/or parking.
Flexible, development-friendly Mixed Use zoning offers potential for a variety of intensive residential, commercial or mixed-use projects, in an area proving increasingly popular among developers.
Preliminary concept plans have been prepared for one option involving a residential development of up to five levels with some 40 apartments, subject to any necessary planning approvals.
The freehold property at 6 Sultan St is being offered for sale through James Were, Damien Bullick and Dean Budd of Bayleys Auckland Central.
It will be sold by tender closing on Tuesday March 12, unless sold prior.
Were said the property consisted of a more than 1100sq m building on 1733sq m of freehold land with 20 carparks. Constructed in the 1980s, the building contains a clear-span warehouse of 513sq m with access via multiple roller doors, along with 600sq m of office space over two levels.
The building has a Grade-A IEP seismic rating of 80 per cent NBS.
Bullick said it was rare for a substantial property to come up for sale in this location with such a comprehensive array of options to own and occupy, add value and invest, or develop.
“These possibilities, combined with a strategic and increasingly popular central Auckland location, mean this site is likely to have broad appeal among potential buyers,” he said.
“Zoned Business—Mixed Use and on the doorstep of the Ellerslie Village with motorway access in both directions, it s easy to see why this is fast evolving as a popular residential and commercial precinct.”
Budd said Ellerslie’s proximity to downtown Auckland, multitude of transport links, and small but lively town centre had seen property demand in the suburb soar in recent years, particularly among young professionals and families striving to be in zone for top-rated schools.